Hedge funds make record bet on rising oil price

However, despite the lack of headline price movement, the Financial Times reports hedge funds and other institutional investors ... a fuel broker at Freight Investor Services in Dubai, told Reuters. Crude futures have fallen five per cent since their ... ( read original story ...)

UAE contingent to lead Republic Day parade in India

New Delhi: A contingent of 179 UAE soldiers will lead the Indian Republic Day parade this year. The UAE has sent 195 soldiers, 15 officers and 15 support staff. Of these, 144 soldiers and 35 band members will be part of the parade, said Maj Gen Rajesh ... ( read original story ...)

Dubai airport named world's busiest international airport

DUBAI, United Arab Emirates - Dubai remains home to the world's busiest international airport after seeing 83.6 million passengers in 2016. However, the figures released on Tuesday by Dubai International Airport fall short of an estimate of 85 million ... ( read original story ...)

'Emirati troops march in India shows UAE’s love for peace'

it will symbolise the UAE’s trust in India and “our global image as a peace-loving nation,” a former defence official told Gulf News on Monday. “The march will reflect the UAE’s love towards India as way of giving back [for what India gave to the ... ( read original story ...)

Dubai investigating disabled centre over Kim Kardashian visit

DUBAI, United Arab Emirates -- A state-owned newspaper in Dubai is reporting that authorities are investigating a centre for the disabled after it hosted and publicized a visit by Kim Kardashian West. A story in Tuesday's edition of Emarat Al Youm says the ... ( read original story ...)

UAE Bank Going Digital-Only

The Commercial Bank of Dubai will soon launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does, such as current accounts, saving accounts and credit card accounts. ( read original story ...)

National Bank of Kuwait Q4 net profit rises 40 per cent

Dubai:National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 40 per cent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a ... ( read original story ...)